Argo investors were not pleased as share prices dropped by 8.63% after announcements that Argo Blockchain PLC interim CEO will be granted Performance Share Units (PSUs), Restricted Share Units (RSUs), and share options (Share Options). The shares will be in line with the 2022 equity incentive plan that was approved by shareholders during the firm’s 2022 annual general meeting.
Seif El-bakly took over on February 9, 2023, after the former CEO and founder Peter Wall stepped down. Seif El-Bakly served as Argos’ COO prior to becoming the interim CRO. The awarding of the Argo shares most likely indicated that Seif El-Bakly may possibly be the new CEO. Argo Blockchain said it would recruit its next CEO through an executive search firm before it announced Seif El-Bakly as the interim CEO.
Argo Share Distribution
A total of 1,973,892 PSUs and 658,623 shares have been awarded to Seif El-Bakly which were in line with remuneration policy and are governed by performance conditions to ensure that the role of CEO is performed in a meaningful manner. The share and PSU options will be vetted over the next three years with the first vesting taking place 12 months from when they were granted (12/36th). The next vesting will take place every quarter (3/36th) for the remaining period.
Argo Blockchain would like to remind its investors that 6,839,980 will be aggregated to i38 of its employees on March 9, 2023, to align incentives throughout the entire team. The RSUs will vest over the next three years with the first vesting taking place six months (6/36th) from the date of the grant with the remaining vesting taking place every quarter (3/36th) as long as the employees remained employed within Argo Blockchain.
Signuptoken.com Completes 2000 subscriptions
Signuptoken.com has managed to secure 2000 subscribers within a month of its website going live. The mysterious aura surrounding Signuptoken.com’s new cryptocurrency has managed to attract over 200 telegram subscribers. The conversation at this point is exactly how long will it take Signuptoken.com to reach its milestone of 1 million subscribers before launching its crypto.
New altcoins usually have an Initial Coin Offering (ICO) which is made available during the various rounds of presale with the valuation increasing in slight increments. The valuations can at times be misleading, which in turn leaves investors on the losing end. A few days ago, we saw Tamadoge (TAMA)’s currency plummet and it has not been able to recover since.
The premise behind Signuptoken.com is that all potential investors need to do is subscribe with their email address. Once the milestone has been reached, subscribers who verified their email addresses will be the first to be notified. This will grant subscribers an early notification allowing them to purchase which should in turn create a frenzy. The main goal believed to be the target for Signuptoken.com is to establish a community before the crypto launches to ensure success and an overall positive outcome.
It is not often that one has the opportunity to become a millionaire overnight and that too with a singular investment of an email address.
For more information:
Website: https://www.signuptoken.com
Twitter: https://twitter.com/_SignUpToken_
Telegram: https://t.me/SignUpToken